Camarilla pivots are used for intra-day trading, it is a tool for Forex scalpers and short term traders alike. Most valuable and most often traded Camarilla indicator forex yang pivot levels are L3, L4 and H3, H4. Current Camarilla indicator also has built in regular Pivot points and Fibonacci levels. 15 min, 10 min, 5 min and 1 minute.
L3 and H3 are Camarilla’s support and resistance levels accordingly. At support or resistance level market is expected o stop and reverse either temporarily or permanently. L3 and H3 Camarilla pivot levels hold price in while it moves sideways. Taking short profits is very important at this stage. When trading Camarilla breakouts, Forex traders expect the market to continue running in the direction of the breakout.